Guideline Value for Arun Nagar Extension

Arun Nagar Extension guideline value

The current guideline value of Arun Nagar Extension is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arun Nagar Extension has changed

Over the years, the guideline value of Arun Nagar Extension has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and finally rose to Rs 1,100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The latest change from 2023 to 2024 reflects a 10% increase, resulting in the current guideline value of Rs 1,100 per sq.ft, which is equal to the median value of Rs 1,100 per sq.ft for 461 streets in Vadavalli under the Vadavalli SRO.

Guideline values in Vadavalli

In Vadavalli, the guideline values range from Rs 1,000 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft. Arun Nagar Extension's 2024 guideline value aligns with this median. Below are other streets in Vadavalli with their respective 2024 guideline values:

• Arun Nagar: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Arunachalam Layout: Rs 1,100 per sq.ft (2024)
• Arul Gardens: Rs 1,100 per sq.ft (2024)
• Aringar Anna Co-op Nagar: Rs 1,000 per sq.ft (2024)
• Avanthi Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arun Nagar Extension?

The Sub Registrar Office that covers Arun Nagar Extension is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vadavalli

The guideline value plays a crucial role during the registration process of property transactions in Vadavalli. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When a property is bought or sold, the guideline value is referenced to ascertain the fees applicable, which helps in maintaining transparency in real estate transactions. Buyers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Arun Nagar Extension?

The current guideline value of Arun Nagar Extension is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 increasing it to Rs 1,100 per sq.ft from Rs 1,000 per sq.ft in 2023. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles registrations for properties in Arun Nagar Extension.

What are the stamp duty and registration fees for property in Arun Nagar Extension?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value.

What does the guideline value indicate?

The guideline value indicates the minimum value at which a property can be registered in a specific area. It is essential for determining the stamp duty and registration fees during property transactions.